OK, regarding cost concerns, I have thought this out a little but have not done thorough cost estimation. A SqrOsc can be made with a 555 chip, four resistors and two caps plus two connectors.
Well, yes, if all you want is to go "beep". Oscillators in modular systems need a CV input for tracking; making sure that adding (typically) a extra Volt of modulation signal will double the frequency of the oscillator. This is hard to get stable for larger ranges. A CMOS chip like the 555 needs to be protected against getting inputs above it's power input or it will fry.
SqrOsc features like phase mod/output, hard-sync, FM modulation and a freq input are all available in hardware modules but those aren't cheap modules and none of those come close to the stability in tuning and tracking of this very modest UGen.